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Last year, Terrafugia's "flying car" (the Transition) made headlines, even if it didn't exactly usher in the hoped-for era of flying cars everywhere. Now, the company has issued concept renderings for the evolution of its Transition: the TF-X.

Unlike the original Transition, which required a runway, the TF-X concept will be capable of vertical takeoffs. It will also be a plug-in hybrid. Terrafugia said the TF-X would seat four and set you back a cool $279,000.

For now, the TF-X exists only as computer-rendered drawings. But we can dream, right?